Price gouging laws are being ignored by landlords, says estate agent

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clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation's No. 1 software-services exporter, said.
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WASHINGTON, Jan 10 (Reuters) - The International Monetary Fund will forecast steady global growth and continuing disinflation when it releases an updated World Economic Outlook on Jan. 17, IMF Managing Director Kristalina Georgieva told reporters on Friday.
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Georgieva said the U.S. economy was doing "quite a bit better" than expected, although there was high uncertainty around the trade policies of the administration of President-elect Donald Trump that was adding to headwinds facing the global economy and driving long-term interest rates higher.
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Price gouging laws are being ignored by landlords, says estate agent
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Jason Oppenheim shot from shoulders up, smiling and looking to right
Image source,Getty Images
Let's bring you a bit more about reports of price gouging by landlords in Los Angeles, which we reported on earlier.

Speaking a little earlier on BBC's Sunday with Laura Kuenssberg programme, Jason Oppenheim, a real estate agent in Los Angeles, says some landlords are breaking the law by raising rents more than 10% high than pre-disaster prices.

"We're having landlords taking advantage of the situation," says Oppenheim, who stars in the reality show Selling Sunset about LA's luxury real estate market.

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"There are thousands of people who are displaced...the hotels are overwhelmed," he says.

Oppenheim says he sent a client to a rental property which was listed for $13,000 (?11,000) a month. "(My client) offered $20,000 (?16,400) a month and he offered to pay six months upfront and the landlord said 'no, I want $23,000 (?19,000) a month'," he says.

"There are price gouging laws in California, they are just being ignored right now...it's illegal to take advantage of a natural disaster."


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